The store is willing to discount the price at an annual, Financial Management

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The store is willing to discount the price at an annual

The local appliance store has a clothes dryer selling for $1189, with payment due 7 years from today.

The store is willing to discount the price at an annual rate of 4 percent (compounded annually) if you pay today. What is the amount if you pay for the clothes dryer today?

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Financial Management: The store is willing to discount the price at an annual

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